The estimated size of the global automotive telematics market in 2018 was US$ 42,624 million, and by the end of 2026, it is anticipated to grow at a CAGR of 8.4% to reach US$ 81,100 million. In 2018, the APAC automotive telematics market is anticipated to be worth $12,199 Mn, representing a 28.6% value share. This value is anticipated to reach US$ 25,921 Mn by 2026, representing a 32.0% value share and a CAGR of 9.9%.
Persistence Market Research has rolled out a new market research report on “Automotive Telematics Market: Global Industry Analysis 2013 – 2017 and Forecast 2018 – 2026”, which examines the automotive telematics market and offers critical insights for the next eight years. Based on the findings specified in the report, the market is expected to witness an increase in the number of safety and security regulations for vehicles and increase in wireless technology for necessary vehicle operations such as door locking or unlocking, start or stop, tire pressure, wear and tear of vehicle components, location and others.
Competitive Landscape
Some of the key players involved in the manufacture of automotive telematics, which have been included in the study are Trimble Inc., Visteon Corporation, Airbiquity Inc., Aplicom Oy, Scorpion Automotive Ltd, iTriangle Infotech Pvt Ltd., Shenzhen Concox Information & Technology Co., Ltd., Minda Corporation Limited, idem telematics GmbH, Road Track, ACTIA Group, Lavinta Buana Sakti, Microlise Limited, BOX Telematics and Redtail Telematics Corporation.
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